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Durango, The Ranch and RiverGate Lofts Information:

  • About Durango - Moving to Durango, Colorado? Get info here...

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  • About RiverGate Lofts - Moving to RiverGate Lofts, Colorado? Get info here...

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Real Estate Tips
Investment Real Estate >Planning for Repairs

If you are the owner of an investment property, you are responsible when something breaks down in the building. So when the tenants call with an emergency, you will need to have a list of local repair companies you can contact, and money in the bank to pay for their services.

One of the best ways to protect your property investment is to purchase a home warranty that covers your home against unexpected system breakdowns that can be costly, particularly if the heating or plumbing systems need repair. The yearly cost of a good home warranty is probably less than the cost of replacing a broken water heater. If your property is older, a home warranty will provide you with greater security and peace of mind.

Another way to plan for investment property repairs is by building up a monthly surplus account, where part of your positive cash flow can sit in preparation for the day some major repair is needed. Having a "rainy day" fund will relieve you of financial stress when something has to be fixed.

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Christine Serwe and Mike Dent, REALTOR®, real estate agent and broker for Durango, The Ranch and RiverGate Lofts, Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)

Christine Serwe & Lawrence "Mike" Dent
The Wells Group

901 Main Avenue
Durango, CO 81301
Direct Office - Chris: 970-375-3360
Direct Office - Mike: 970-375-7033
Direct Office - Kim: 970-375-7340
Office Fax: 970-259-5007
ChristineSerwe@NUMBER1EXPERT.com
Mike@MikeDent.com
Kim@MikeDent.com

Working with our team means you can always find friendly and honest service with a quick and professional response to your real estate needs when buying or selling real estate. See the difference!


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